Key Features to Look For in Your Data Room Software

The software for your data room is unique due diligence software that gives structure, organisation and user-friendliness to a complicated and protracted process. When conducting M&As or tenders, capital raisings as well with other corporate events many documents have to be viewed to help make a decision. It is time-consuming to go through all this information, and it is prone to mistakes.

There are numerous tools that can make the review process more efficient. One of them is a robust Q&A tool that lets you add comments or questions to all documents within the data room in real-time. Other security features include fence view as well as screen locking and encryption. These can help prevent unauthorised access and decrease the risk of cyberattacks, or security breaches that may occur after sensitive files leave the firewall of your company.

Another crucial feature is the flexible permission settings that can be used based on the role, folder, and document level. For example, you may be able to restrict the viewing or downloading of spreadsheets to a select group of users only, and also offer the option for viewers to add their own notes.

If you need more advanced features, choose one that offers customizable security controls. iDeals www.yourdataroom.org/life-sciences/ is one example. It allows you to add a customized watermark to documents and configure multiple permissions such as ‘view-only’ modes, fence views, screen-blocking, remote wipe, and up to eight levels of document access control. It also supports multiple languages and comes with redaction built-in.